Macedonia’s incumbent PTO Makedonski Telekomunikacii (MakTel), which is 51%-owned by Hungary’s Magyar Telekom, posted a ‘modest’ 0.9% year-on-year increase in revenue to HUF19 billion (USD87.6 million) in the three months ended 31 December 2011, while earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 4.4%. The parent company said the depreciation of the Hungarian forint had a positive effect on the Macedonian operation’s contribution to group results (on average, the Hungarian forint weakened by 9.3% against the Macedonian denar in the fourth quarter of 2011 compared to 2010, it said).
Originally posted here:
OVETEL MakTel revenues, EBITDA up marginally in Q4
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